📰 【BlackRock urges the U.S. Office of the Comptroller of the Currency to abandon plans to set limits on tokenized reserve assets.】

BlockBeats reports that on May 3rd, BlackRock submitted a comment letter to the OCC opposing several reserve asset restrictions proposed in the draft rules implementing the GENIUS Act. This 17-page response was submitted on the last day of the OCC’s 60-day public comment period, which began when the draft was published in the Federal Register on March 2nd. The regulator posed over 200 questions covering reserve composition, capital requirements, custodianship, and yield bans, among other topics. BlackRock’s comments mainly focus on rules related to “permitting payment stablecoin issuers.” These institutions were established last July by Trump...

Brothers, BlackRock, that old fox, is once again thinking of us retail investors! It’s challenging the OCC, opposing limits on tokenized reserve assets. Basically, Wall Street bigwigs want to stuff more into stablecoins and don’t want regulation to block them. This is good for us retail traders—more liquidity means a livelier market. But remember, big institutions are the ones eating the meat; we just drink the soup. Don’t be naive and go all-in. This signal shows that the compliance process is speeding up, but don’t rush—Soro is watching the market, and if there’s a real opportunity, he’ll call you. 👇👇👇👇👇